With the concept of a universal exchange set to become a reality, the Securities and a Exchange Board of India (Sebi) has finalised norms for allowing mutual funds and portfolio management services to participate in commodity derivatives. The market regulator will be announcing these norms shortly.

Sebi had issued a discussion paper on the subject in first week of December last year.

Mark Zuckerberg has offered fresh self-criticism, acknowledging making numerous mistakes in building the world's biggest social network as Facebook marked its 14th birthday.

"Over the years, I've made almost every mistake you can imagine," the Facebook co-founder said on his personal page.

Bengaluru: Wipro Ltd has entrusted its current head of manufacturing and technology practice to head the energy vertical, and created a new role for the head of oil and gas practice, marking the first management changes under chief executive Abidali Neemuchwala, who took over as boss of India’s third largest information technology (IT) outsourcing company in February 2016.

Greater Noida: South Korean automaker Hyundai on Wednesday launched a new version of its premium compact hatchback Elite i20 priced between Rs5.34 lakh and Rs9.15 lakh (ex- showroom Delhi).

The company, which operates here through its wholly-owned arm Hyundai Motor India Ltd (HMIL), also unveiled its global electric vehicle Ioniq.

New York/Portland: Bitcoin rose for the first time in six days, snapping a losing streak that had helped push overall losses in digital currencies to about $500 billion, as the top US market cops said they possessed all the authority needed to regulate and risk appetite returned to financial markets.

Prices steadied as Securities and Exchange Commission chairman Jay Clayton reiterated in a Congressional hearing that he believes every initial coin offering he’s seen is a securities sale and the agency already possesses the regulatory oversight needed for enforcement.

The benchmark Sensex rose by over 470 points in opening trade on Wednesday, February 7, 2018, breaking its six-session long losing streak on value-buying in select blue-chips by domestic investors triggered by a recovery in global markets.

The 30-share BSE index gained 470.39 points, or 1.37 per cent, at 34,666.33 in opening trade. Also, the NSE Nifty rose by 115.75 points, or 1.10 per cent, to 10,614.

With many airlines reportedly queuing up to pick up a stake in Air India, the civil aviation minister Gajapathi Raju said that any unsolicited expression of interest in the state-run carrier is not relevant at this stage. Gajapathi Raju made the statement in the Rajya Sabha while in response to a question. “The draft EOI document inviting proposals for disinvestment of airline is yet to be issued. Formal proposals from prospective bidders would be received thereafter only. Any unsolicited EOI at this stage is not relevant,” Raju said.

BEIJING: Auto giant Mercedes-Benz's China unit apologised today after its parent company quoted Tibetan spiritual leader Dalai Lama in a social media post on Instagram.

"We are fully aware that the post deeply hurt the feelings of Chinese people, including our Chinese colleagues and we would like to extend the sincerest apology," state-run Global Times quoted the company as saying in a statement.

CHENNAI: Maruti Suzuki and Hyundai Motor India (HMI) are the No. 1 and No. 2 passenger vehicle companies in India, and have been arch rivals for more than two decades. But imagine what the Indian car market would have looked like if Maruti took over Hyundai India... Sounds unbelievable? But that's exactly what nearly happened back in 1999 when HMI's parent was battling the worst of the Asian crisis.

NEW DELHI: Mahindra & Mahindra-owned Italian design house Pininfarina is helping the Indian parent to conceptualise what it calls the dealership of future (DoF). The high-tech showroom will come with powerful virtual reality tools and large screens that will allow prospective buyers to see how a vehicle would look like with accessories and the colour of their choice.

At these facilities, customers can also touch and feel the vehicles as well as do a comparative analysis of models.

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